Tackling Latvia’s inequality

  • 2016-04-13
  • Monika Queisser
PARIS - Latvia is home to highly volatile economic growth, one of the highest levels of income inequality in the European Union, and a working age population that is shrinking faster than in any OECD country. This creates a pressing need for effective social policies. Since most of its emigrants won’t be returning, Latvia’s future growth prospects rest on its ability to raise labour productivity: factors holding back improvements in this area include a large shadow economy estimated to represent around a quarter of Gross Domestic Product (GDP), high levels of long-term unemploym...
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